Economy and finance
742 news found
Economy and financeDiageo collapses in stock market due to Latin America and the Caribbean
Sales in the region should decrease by 20% until the end of the year
Vertical collapse of the Diageo stock that on the London stock exchange closes the last Friday session in red by 12.5%. It’s all the fault of the half-year accounts, but especially of Latin America that b... more
Economy and financePiedmont region in Brussels: war for gianduiotto
President Cirio hears Agriculture Commissioner Janusz Wojciechowski
There are already those who, without too much imagination, let’s say it, called it the war of gianduiotto. Yet there is something true, since the dispute between the Swiss Lindt and the typically Piedmontese c... more
Economy and financeCnh Industrial: delisting and quarterly do not like the market. The title suffers
The decrease of the title for the society of the tractors continues
The CNH stock on the Milan Stock Exchange is still weak. This morning he lost 0.7% but is on the shields from a couple of sessions: yesterday, wednesday, November 8, he left on the ground 2.4%, tuesday,... more
Economy and financeSandro Bottega expands with grappa and limoncello
Two new liqueurs and five new openings for the Prosecco Bar: the first, in November, in Prague and Abu Dhabi
We know him for his prosecco, for his gold bottles and for a continuous expansion that tastes of research and avant-garde at the same time. We are talking about Sandro Bottega, patron of the homonymous... more
Economy and financeBiolab, vegan cold cuts from Gorizia arrive in Austria
The former butcher shop today vegan laboratory arrives across the border
It already seemed a crazy step to have transformed a butcher shop into a laboratory to produce vegan gastronomy. And instead, Massimo Santinelli from Gorizia has done even more with his Biolab: he has... more
Economy and financeStarbucks increases employee wages and stores
In the US from 2024 hourly pay rises from 3% to 5%: 55,000 stores by 2030
Strong of a quarterly record, disclosed a few days ago, with consolidated net revenues increased by 11% to over 9,4 billion dollars Starbucks now announces that it will increase the hourly pay of its retail... more
Economy and financeNestlé completes sale of Dpa Brazil to Lactalis
Closed the deal with Fonterra: sold to the French the Brazilian dairy
Nestlé, together with Fonterra, completed the sale of their joint venture, Dpa, Dairy Partners Americas Brazil, from the French dairy giant Lactalis. Fonterra held 51% of the joint venture Dpa Brazil,... more
Economy and financeBritish spending grows but is still too "slow"
Barclays: +2.6%, lowest increase in a year. Brc: sales are driven by food
Inflation makes its weight felt on shopping carts across Europe, including Britain. It is here that His Majesty’s subjects have begun to take some countermeasures in time, partly because Christmas is a... more
Economy and financeStarbucks, record fourth quarter
Revenues in rise of 11% to beyond 9 billion dollars
Starbucks reported the results for the fourth fiscal quarter of 13 weeks ending 1 October 2023 and the full fiscal year 2023. And it is a record-breaking quarter. Consolidated net revenues increased by... more
Economy and financeEurostat: prices up for olive oil (+75% from January 2021)
Generalized increases for most foods, except eggs
After substantial increases in 2022, food prices in the EU continued to rise also in 2023. Data for the second and third quarters of this year show that the prices of some items registered a slower increase.... more
Economy and financeUnilever, no two-year pay increases for the ceo
Board of directors freezes ceo Hein Schumacher’s fixed salary (appointed in july)
Unilever blocks for two years the fixed salary of the new ceo Hein Schumacher appointed last july. The multinational’s board of directors decided to freeze the ceo’s fixed salary after his initial pay... more
Economy and financeHero Group closes factory in Switzerland
The jam plant would not have reached "adequate capacity of use": 48 employees walking
The Hero group, famous for its jams, has announced its intention to cease operations at one of its production facilities in Lenzburg, Switzerland. The closure is expected to be implemented by the end of... more
Economy and financeHeineken holds bang all year long with a third quarter upside
Turnover from July to September +2%, revenues +4.5%: the Stock Exchange rewards the stock
Heineken keeps the forecast for the fiscal year. All it took was this announcement that Heineken’s shares rose to 1,3% on the stock exchange. Thanks, we said, to the maintenance of the forecasts for t... more
Economy and financeCap Italian Fine Food (Avm) and Amundi AgrItaly take Europan South
Takeover of the Apulian company active in the production of bread and bakery products
Avm Gestioni sgr through the fund of Private Capital Italian Fine Food dedicated to the enhancement of regional excellence of food made in Italy, and Amundi sgr, through the fund Amundi Eltif AgrItaly,... more
Economy and financeGreat maneuvers in the Italian poultry sector: Officine Facco buys Sperotto
EUR 20 million operation to expand the broiler sector
Officine Facco of Campo San Martino (Padua) announces the acquisition of Sperotto of Sandrigo, in Vicenza, in turn a national reference for the breeding systems of broilers. The operation from 20 million... more
Economy and financeIbf Servizi acquires Abaco from Idea Taste of Italy
The company strengthens leadership in agritech
Ibf Servizi, a company in the portfolio of the Nextalia Private Equity fund, and participated by BF Agricola (BF group, controlling holding of Bonifiche Ferraresi and listed in Milan), has finalized the... more
Economy and financeThe Restaurant Group accepts the offer of Apollo global management
Wagamama’s owner says yes to a 585 million euro offer
Fly on the Stock exchange The Restaurant Group, british chain of restaurants and pub owner of the brand Wagamama also known in Italy (is managed under license by the Chef Express of the Cremonini group),... more
Economy and financeVandemoortele wants Bindi
The Belgian group may be interested in the Milanese pastry for sale facebook sharing button
Last week the Bc Partners fund announced the start of the sale of Fda Group, a group active in the frozen bakery and pastry sector that combines Forno D'Asolo and Pasticceria Bindi. Today, according to... more
Economy and financeSugar prices bring the German giant Suedzucker to the top
Q2 Operating Profit more than doubled to Euro 310 million
It is one of the European giants in the field of sugar production and shows that to define positive is to say little. The German company Suedzucker has more than doubled its quarterly profits thanks to... more
Economy and financeItalian catering in the world is worth 228 billion euros
In Italy we are at 75 billion (+22%), according to data from Deloitte’s Foodservice market monitor
"Catering remains an increasingly important sector for the entire food chain," stresses Tommaso Nastasi, Value creation services leader of Deloitte. more
Economy and financeMarchesi Antinori wine sets course for U.S.
With 300 mln financing from a pool of banks wine company buys land in Napa Valley
Marchesi Antinori is heading for the United States thanks to a loan of more than 300 million obtained from a pool composed of Intesa Sanpaolo, Cassa depositi e prestiti, Simest and Bnl. The operation,... more
Economy and financeSouth Korea wants Italian blue crab
Consul general: "mutually beneficial" to import more from Venice and lagoon areas
The blue crab business is expanding. After the Tunisia affaire (and the Greece affaire), countries that are said to be importing the crustacean into Italy creating no small amount of unease and concern... more
Economy and financeFood raw materials: prices unchanged in September on a monthly basis
According to the FAO report, the index recorded a decline of 10.7% compared to last year
The increase in sugar (+8.9%) and corn (+7%) offsets the decrease in meat (-1%) and dairy products (-2.3%). more
Economy and financePrivate equity bets on spanish and portuguese olive oil
Investment boom in olive groves guaranteeing big returns after prices double since early 2023
Private equity firms are taking aim at olive farms in Spain and Portugal. The reason is quickly said: because they are using new farming techniques to boost production, seeing big profits after prices... more
Economy and financeStock reorganization to the confectionary Salpa: the bottom comes out Equinox
A private equity fund enters: the Cherubini family remains 37% of the Umbrian company of ice cream biscuits
Stock reorganization in view of the Salpa di San Giustino (Perugia), confectionery company specializing in the production of biscuits for ice cream, decorations and gluten free products. This is anticipated... more
Economy and financeLingotto invests in agribusiness USA Indigo
Exor vehicle (Agnelli-Elkann) participates in $250 million startup investment
It’s wrong to think that John Elkann believes only in the future of healthcare. He believes, and not a little, in that of agribusiness. This is attested by the investments of his Lingotto Investment M... more
Economy and financeLulu group exports the made in Italy from the new hub of Malpensa
The UAE giant has activated the Malpensa World Trade Center for exports to the Middle East, India and Indonesia
Italian food and drinks will have an extra channel to reach the tables of customers in the Middle East, India and Indonesia. The new channel is called Malpensa World Trade Center in via del Gregge, in... more
Economy and financeHeineken UK expands into ready to drink
The brewery acquires a "significant minority stake" in Served, a brand founded by singer Ellie Goulding
Heineken UK acquired a "significant minority stake" in Served, a cocktail brand co-founded in 2020 by singer Ellie Goulding and brothers Dean and Ryan Ginsberg, soon becoming one of the fastest growing... more
Economy and financeDe Angelis Food takes you regal and SaordelMar
Double acquisition for the Veronese company that aims at a consolidated turnover of over 135 million euros
De Angelis Food Group has acquired the majority package of the pasta factory of Abruzzo Regal and has brought to 100% its participation in the Padua SaordelMar, a manufacturer of fish sauces and cod. With... more
Economy and financeCsm Ingredients celebrates 100 years with new production line
2 million investment for historic Crema plant that produces margarine
Csm Ingredients, a global player specializing in the research, innovation and production of food ingredients, celebrated the 100th anniversary of its historic production facility in Crema, Cremona, Italy.... more
Economy and financeDeA Capital Alternative Funds Sgr invests in Fondo Flexible Capital
The foundations of the industrial integration project between Costa Edutainment and Opera Laboratori have been laid
The partnership between DeA Capital Alternative Funds Sgr, a company of the DeA Capital Group, and the Costa Edutainment Group is consolidated with a new financial operation through the Flexible Capital... more
Economy and financeIs La Piadineria for sale?
Shareholder Permira is reportedly about to put the 360 restaurant chain on the market
It's the ballet of private equity and now it's up to La Piadineria, a chain of restaurants founded in 1994 with 360 restaurants and a turnover of 200 million expected in 2023, which could be sold. According... more
Economy and financeDe Wave, first order in Saudi Arabia
$60 mln contract for "Manara" VIP area to Genovese yacht and ship interior fittings group
Genoa-based De Wave Group, which is internationally active in the fitting out of interiors (including bars, restaurants and kitchens) of cruise ships and yachts, has won an order worth more than $ 60 million... more
Economy and financeEuropean banks: Messina (Intesa Sanpaolo) confirms itself as the best CEO
The group's board of directors ranks first in the 2023 ranking drawn up by Institutional Investor
Intesa Sanpaolo confirms itself as first in Europe for relations with institutional investors and financial analysts and for ESG aspects, according to the 2023 ranking drawn up by the specialized research... more
Economy and financeStarbucks puts out the first 5 candles in Italy
Catrambone: "We continue to expand the store network". Next opening in Naples
Starbucks celebrates today, with a rich calendar of events, the 5 anniversary of its arrival in Italy. Forty years after the first visit to Italy by the founder of Starbucks in 1983, Howard Schultz’s d... more
Economy and financeNestlé, expansion in Brazil with Kopenhagen
The multinational is willing to buy the brand Carioca chocolate and Brasil Cacau
Nestlé decided to acquire the Brazilian chocolate brand Kopenhagen. The news leaked through local media that the multinational confectionery will pay about 3 billion reais (equal to over 562.4 million... more
Economy and financeSimest subsidises Sapa (vehicle components)
Six million euros investment for the purchase of Spanish Hispamoldes
With a total of 6 million Euros, Simest, the Cassa depositi e prestiti group's company for the internationalisation of companies, has provided Sapa, a Campania-based company specialising in sustainable... more
Economy and financeValsoia, HY23 with revenues up 12.6%
Food division in Italy grows 31% driven by Häagen-Dazs ice creams
Valsoia's board of directors approved the half-year financial report as of June 30, 2023, which shows total revenues at 55.8 million Euros, up 12.6% compared to the same period in 2022. In Italy, revenues... more
Economy and financeDomori, chocolate is ready for large-scale distribution
New line in the pipeline for the brand, which opens its new store in Trieste on September 16
Domori chocolate is ready to land in the large-scale retail channel. The Illy Polo del Gusto brand is preparing a new line dedicated to the large-scale retail trade: this is the news expected in the coming... more
Economy and financeEathic, the platform that solves restaurants' problems
Interview with Andrea Manfré, co-founder of the startup that connects producers and restaurateurs
It has just closed a 120,000 euros funding round, qualifying as a new player within the food tech landscape. We are talking about Eathic, the ethical startup and marketplace, born among the classrooms... more
Economy and financeSecond Ukrainian ship loaded with grain departs Odessa
"Primus" sails to Bulgaria to avoid Russian attacks
Left Odessa yesterday Sunday, August 27 "Primus", the second Ukrainian ship loaded with grain. To avoid Russian attacks it sails toward Bulgaria. After Russia abandoned the grain agreement, the Black Sea... more
Economy and financeVortice with acquisition of Casals contributes to animal welfare
The two companies have developed a series of blades and axial fans for stables
It recently won the "Lider" award as the best company in the territory of Ripolles, in the province of Girona, Spain. We are talking about Casals Ventilacion, an Iberian company that has specialized in... more
Economy and financeRestaurant Brands, golden quarter exceeds analysts' estimates
Fast food chain with Burger King reports consolidated sales +9.6% to over $30 billion
Restaurant Brands International, the Canadian-American multinational fast food holding company, is off to a good start on the Wall Street stock exchange today (+1%) after beating analysts' consensus estimates... more
Economy and financeTyson Foods, earnings plummet and drag down stock on the stock market
Operating profit -82% in third quarter of fiscal 2023: blame falling consumer spending
The slump in profits of Tyson Foods, a U.S.-based company based in Arkansas (and branches also in Italy, in Verona) but above all one of the world's largest players in the animal protein sector, is not... more
Economy and financeCoricelli's challenges to defend oil made in Italy
Circular economy, blockchain, new contracts with farmers: the Spoleto-based company's challenges
When it comes to made in Italy Chiara Coricelli, ceo of Umbrian Pietro Coricelli, has nothing to learn. Her oil empire is one of the strongest brands not only in Italy. The family business has been based... more
Economy and financeFiorucci salumi changes hands and returns to Europe
Historic delicatessen acquired by Germany's Navigato and Ireland's White Park
Fiorucci cured meats are returning to Europe. In fact, the company is moving from Mexican multinational Sigma Alimentos to Germany's Navigator group and Ireland's White Park Capital. Cesare Fiorucci charcuterie,... more
Economy and financeKraft Heinz, sales miss estimates and stock suffers
Wall Street opening at -1.3%: blame net sales attested at $6.72 bn (analysts expected $6.8 bn)
Kraft Heinz's sales miss estimates as price increases hit demand. The company itself said this, announcing that it missed quarterly sales estimates as inflation-hit customers bought fewer packaged meals... more
Economy and financeWheat king Bunge raises 2023 estimates after positive half year
Missouri agribusiness forecasts earnings of $11.75 share, higher than market expectations
One of the world's largest agribusiness deals has just been initiated (and is about to close) that could turn the grain sector itself on its head, with Glencore's acquisition of Viterra, Canada's largest... more
Economy and financeCherry Bank, €5 million loan to Sperlari
The goal is to foster the development of Paluani 1921's production lines
Strong support for both the manufacturing business and the excellence of made in Italy, without forgetting the impacts on the local economy. These are the key points that guided the closing of the 5 million... more
Economy and financeDeA Capital Alternative Funds Sgr invests in the Snaidero Group together with Amco
The operation envisaged a capital increase of over 15 million euro
IDeA Corporate Credit Recovery II (“IDeA Ccr II”), managed by DeA Capital Alternative Funds Sgr, today finalized an investment agreement in the Snaidero Group, confirming its support for the new 2023-2027 dev... more